Ever wonder how the world’s most successful investors (such as Warren Buffett, David Einhorn, or Jim Chanos) are so successful? It’s because they employ industry leading financial statement analysis skills to root out opportunities.
A lot of courses simply teach you how to perform a few financial ratios. That’s important, but it is only a small part of successful financial statement analysis. True financial statement analysis requires in-depth reading, research, and other analytical strategies that will give you a real investing edge.
I will teach you the tricks of the trade that many successful investors use on a daily basis. By the end of this course you will learn how to read and analyze a company’s SEC filings like a pro!
If you want to be a successful Financial Analyst, Investor, Investor Relations Manager, Private Equity Analyst, Investment Banker, Hedge Fund Analyst, or Sell Side Research Analyst, then this course will is perfect for you!
3 BIG reasons why you should take this course:
What makes this the best financial statement analysis course out there?
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An introduction to the financial statements. We will learn what information is contained in the Balance Sheet, how it is prepared, and how accounts are classified. We will also take a look at Costco's Balance Sheet as a case study.
An introduction to the Income Statement. We will learn how information is classified and presented on the Income Statement. We will also review Costco's Income Statement as a case study.
We will learn how the Statement of Cash Flows is presented and why cash transactions are categorized into certain groups. Finally, we'll take a look at Costco's Statement of Cash Flows.
Evaluating a Company's share count is key in financial analysis. We will learn the difference between basic and diluted shares. After that, we will understand how to calculate a Company's earnings on a per-share basis (EPS).
We will go over the key profitability metrics used to analyze a business. We will understand how to compare and analyze changes in profitability.
To further our understanding of profitability analysis, we go through a Costco excel case study.
We will learn how to use activity/turnover analysis to assess how well a business is using its assets.
An excel case study outlining the activity/turnover metrics we learned in the prior lecture video.
An excel case study on the return on assets (ROA) metric. We will understand how to evaluate the returns a Company's assets generate.
An excel case study on return on equity (ROE). We will understand how to evaluate the returns a Company generates with its equity.
We will learn how to evaluate a Company's liquidity to determine the risk of a cash shortfall or bankruptcy.
Further, we will go over the most popular leverage ratios to assess bankruptcy risk.
Learn the most popular metrics used to value Companies. You will learn to evaluate how cheap or expensive a business is based on a number of metrics.
A comprehensive overview of the key filings public U.S. companies file with the SEC. Our discussion will start off with the Company's annual report filed with the SEC (Form 10-K). We will discuss why the 10-K is important reading material and what information to look out for. We will also discuss some effective 10-K reading tips. Finally, the lecture will include various case study walk-throughs.
We will review what important information is included in a Company's quarterly report with the SEC (Form 10-Q).
Learn how and why Companies disclose key information through the current report (Form 8-K).
We will go over several tips and tricks to extract key information that many do not know from the 8-K filings. The lecture will include plenty of real life examples from Costco.
Learn what information is included in the Company's Proxy Statement (Form DEF-14A) and how to properly read this document.
A continuation of our last Proxy Statement lecture video. We will take a look at Costco's Proxy Statement and discuss the key components.
We will learn about the importance of Form 4 filings and how to read them.
This is a continuation of our Form 4 series. We will go through several case studies and look through/read Form 4 documents together.
We will learn the importance of quarterly results, including what key information to watch out for.
We will discuss:
A look at several quarterly results filings by different companies.
Learn how Earnings Conference Calls are structured and how to extract key information from them.
Learn about key performance indicators for various industries. These are important metrics to know for any investor and financial analyst.
Learn how to augment your investing/financial research with powerful FREE tools.
Hi, my name is Andrew. I received my b.s. in accounting and finance. I currently work as an equity research analyst performing financial statement analysis for some of the world's most well-known hedge funds. Financial statement analysis is one of my passions and I'm lucky to do it on a daily basis. My goal is to teach others about the wonderful world of accounting and finance so they can achieve their business goals.